Kennedy-Wilson (NYSE:KW) Upgraded at Wall Street Zen

Kennedy-Wilson (NYSE:KW - Get Free Report) was upgraded by stock analysts at Wall Street Zen from a "sell" rating to a "hold" rating in a research note issued to investors on Friday.

Separately, Deutsche Bank Aktiengesellschaft assumed coverage on shares of Kennedy-Wilson in a report on Monday, February 24th. They issued a "hold" rating and a $9.00 target price on the stock.

Kennedy-Wilson Price Performance

Shares of KW stock traded up $0.10 during mid-day trading on Friday, hitting $6.56. The company had a trading volume of 985,776 shares, compared to its average volume of 716,411. Kennedy-Wilson has a 52-week low of $5.98 and a 52-week high of $11.88. The stock's 50 day moving average price is $6.62 and its 200-day moving average price is $8.62. The company has a debt-to-equity ratio of 6.06, a current ratio of 1.18 and a quick ratio of 1.18. The company has a market capitalization of $906.51 million, a P/E ratio of -2.54, a P/E/G ratio of 0.54 and a beta of 1.06.

Kennedy-Wilson (NYSE:KW - Get Free Report) last released its earnings results on Wednesday, May 7th. The financial services provider reported ($0.01) EPS for the quarter, missing the consensus estimate of $0.03 by ($0.04). Kennedy-Wilson had a negative return on equity of 14.09% and a negative net margin of 58.56%. The company had revenue of $128.30 million during the quarter, compared to analysts' expectations of $227.14 million. Equities research analysts forecast that Kennedy-Wilson will post 2.87 earnings per share for the current year.

Insider Activity at Kennedy-Wilson

In other Kennedy-Wilson news, Director Stanley R. Zax purchased 41,000 shares of the firm's stock in a transaction that occurred on Wednesday, March 19th. The shares were bought at an average price of $8.56 per share, with a total value of $350,960.00. Following the completion of the purchase, the director now directly owns 547,400 shares in the company, valued at $4,685,744. This trade represents a 8.10% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, CEO William J. Mcmorrow purchased 200,000 shares of the firm's stock in a transaction that occurred on Thursday, May 15th. The shares were acquired at an average cost of $6.36 per share, for a total transaction of $1,272,000.00. Following the purchase, the chief executive officer now owns 8,049,517 shares of the company's stock, valued at $51,194,928.12. This represents a 2.55% increase in their ownership of the stock. The disclosure for this purchase can be found here. 20.30% of the stock is owned by insiders.

Institutional Investors Weigh In On Kennedy-Wilson

Hedge funds have recently bought and sold shares of the business. Sterling Capital Management LLC increased its position in Kennedy-Wilson by 822.3% during the fourth quarter. Sterling Capital Management LLC now owns 3,643 shares of the financial services provider's stock valued at $36,000 after acquiring an additional 3,248 shares during the last quarter. Smartleaf Asset Management LLC increased its position in Kennedy-Wilson by 181.6% during the fourth quarter. Smartleaf Asset Management LLC now owns 5,823 shares of the financial services provider's stock valued at $58,000 after acquiring an additional 3,755 shares during the last quarter. KBC Group NV increased its position in Kennedy-Wilson by 56.3% during the fourth quarter. KBC Group NV now owns 7,632 shares of the financial services provider's stock valued at $76,000 after acquiring an additional 2,748 shares during the last quarter. Dynamic Technology Lab Private Ltd bought a new position in Kennedy-Wilson during the first quarter valued at $92,000. Finally, Cibc World Markets Corp bought a new position in Kennedy-Wilson during the fourth quarter valued at $106,000. Hedge funds and other institutional investors own 87.72% of the company's stock.

Kennedy-Wilson Company Profile

Kennedy-Wilson Holdings, Inc, together with its subsidiaries, operates as a real estate investment company. The company owns, operates, and invests in real estate both on its own and through its investment management platform. It focuses on multifamily and office properties located in the Western United States, the United Kingdom, Ireland, Spain, Italy, and Japan.

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